SoFi’s Profit Doubles — But Wall Street Still Isn’t Impressed
Fintech lender SoFi Technologies delivered a standout quarter, with profit doubling and growth hitting record levels. But surprisingly, investors weren’t impressed — sending the stock sharply lower. Shares of the company dropped about 12% in early trading on Wednesday after it chose not to raise its full-year forecast, even as its latest results beat expectations. … Read more
